Kotak bank looking bullish

20 DMA BREAKOUT!!!The stock future recovered nicely from days low and closed with a gain of3.98% on Tuesday’s session. The stock has also given close above its 20DMA with good amount of volumes. Leading Indicator RSI (RelativeStrength Index) is rising with positive divergence and is sustaining abovethe benchmark level of 50. Considering the technical evidences discussedabove, we recommend buying the stock future for position trading atcurrent market price for the target of 613, keeping a stoploss of 579.

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